Which of the Following Is Not a Characteristic of Pollution

Multiple Choice

Which of the following is not a characteristic of pollution permits?

A) Prices are set by supply and demand.
B) Allowing firms to trade their permits reduces the total quantity of pollution beyond the initial allocation.
C) Real-world markets for pollution permits include sulfur dioxide and carbon.
D) Firms for whom pollution reduction is very expensive are willing to pay more for permits than firms for whom pollution reduction is less expensive.